Mon, 18 Feb 2013 | ADMINISTRATION
The directors of construction group Baris have appointed administrators from FRP Advisory after a deterioration in trading conditions took its toll on business.
Chris Stirland, Phil Armstrong and Nathan Jones were appointed earlier this month and will take care of the administration of Baris Group Ltd and its two operating subsidiaries, Baris Facades and Linings Ltd and Quality In Components (QIC), under the collective banner of Baris.
Mr Stirland, who is a partner with the group, commented: “Since our appointment as joint administrators, we have been assessing the viability of the operating companies at Baris, both Baris Facades and Linings, and QIC, to continue to trade whilst seeking buyers for all or parts of the businesses.
“Regrettably with no buyer emerging for Baris Facades and Linings, all staff at that business have now been made redundant after a period of consultation.”
Baris employed a total of 154 staff at the time of administration. All 97 staff at Baris Facades and Linings have been made redundant, while a core staff have been kept on at QIC in order to assist the joint administrators in managing operations.
Mr Stirland added that QIC has received “expressions of interest” in the business and its assets and progress is being made in this area. “We will now seek to establish whether it will be possible to sell the business and assets of QIC as a going concern,” he added.
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